Guideline Value for Arijana Colony

Arijana Colony guideline value

The current guideline value of Arijana Colony is Rs 140 per sq.ft, effective from 1 July 2024. This area is located in Kallapalayam village, under the jurisdiction of the Singanallur SRO, and is classified as Residential Class III Type - I.

How the guideline value of Arijana Colony has changed

The guideline value for Arijana Colony has seen several revisions over the years. The 2012 revision set the value at Rs 125 per sq.ft, which then decreased to Rs 84 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 126 per sq.ft in 2023, and the most recent revision in 2024 raised it to Rs 140 per sq.ft, marking an 11% increase from the previous year.

From 2012 to 2017, the guideline value decreased by 33%, but subsequently, it rose by 50% from 2017 to 2023. Overall, from 2012 to 2024, there has been a modest increase of 12% in the guideline value.

Guideline values in Kallapalayam

Kallapalayam village has a total of 81 streets under the Singanallur SRO, with guideline values ranging from Rs 100 to Rs 500 per sq.ft. The median value for these streets is Rs 140 per sq.ft, which is equal to the guideline value for Arijana Colony in 2024.

• Arijana Theru: Rs 140 per sq.ft (2024)
• Anna street: Rs 220 per sq.ft (2024)
• Arunthathiyar Housing unit: Rs 140 per sq.ft (2024)
• Anbu Nagar: Rs 220 per sq.ft (2024)
• Bagathsingh street: Rs 220 per sq.ft (2024)
• Bala Gangadhar Thilagar street: Rs 220 per sq.ft (2024)

Stamp duty and registration fee for property in Arijana Colony

For a 1,000 sq.ft plot at the current guideline value of Rs 140 per sq.ft, the total guideline value amounts to Rs 1,40,000. The stamp duty at 7% would be Rs 9,800, and the registration fee at 2% would be Rs 2,800, totaling Rs 12,600. Please note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Arijana Colony?

The Sub Registrar Office that covers Arijana Colony is the Singanallur Sub Registrar Office, located at Podanur Main Road, Vellalur, Madukarai Tk, Coimbatore Dt- 641111, Coimbatore registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Kallapalayam

The guideline value is a crucial factor when buying or selling property in Kallapalayam. It serves as a benchmark for determining the registration fees and stamp duty payable at the time of property registration. Buyers and sellers should be aware that the guideline value can influence the overall cost of the transaction.

When registering a property, the guideline value is compared with the sale price, and the higher amount is used to calculate the applicable duties and fees. This ensures that both the government and the parties involved in the transaction are aware of the property's value as recognized by the registration department.

Frequently asked questions

What is the current guideline value of Arijana Colony?

The current guideline value of Arijana Colony is Rs 140 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 125 per sq.ft in 2012 to Rs 84 per sq.ft in 2017, then to Rs 126 per sq.ft in 2023, and finally to Rs 140 per sq.ft in 2024.

What is the classification of land in Arijana Colony?

Arijana Colony is classified as Residential Class III Type - I, which indicates its suitability for residential development.

What is the registration office for Arijana Colony?

The registration office for Arijana Colony is the Singanallur Sub Registrar Office, located on Podanur Main Road, Vellalur, Madukarai Tk, Coimbatore Dt- 641111.

How is stamp duty calculated for properties in Arijana Colony?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a 1,000 sq.ft plot at Rs 140 per sq.ft, the stamp duty would be Rs 9,800.